# PROPERTY BUYER WITHDRAWAL LETTER
Date: 11 July 2034
Parties: Daniel Okafor and Larch & Stone Homes Ltd
## 1. Purpose and parties
Daniel Okafor writes on 11 July 2034 to Larch & Stone Homes Ltd about his proposed purchase of 14 Wren Close, Exeter EX2 7NL, advertised at £285,000. Daniel made an offer of £278,500 on 28 June, which the seller acknowledged subject to contract; contracts have not been exchanged.
## 2. Facts, scope and terms
Daniel now withdraws that offer and asks the agent to mark the negotiation closed. He understands that, in the usual England and Wales conveyancing process, an offer is generally not binding before exchange, but he does not rely on this letter to determine any separate agreement about surveys, searches or fees.
## 3. Process and responsibilities
The mortgage decision in principle issued on 25 June was for up to £230,000. The lender's valuation on 8 July reported works requiring further investigation, and Daniel cannot proceed on the proposed price and timetable. He does not allege that the valuation proves a defect or that the seller misrepresented the property.
## 4. Evidence, records and safeguards
Please stop presenting Daniel as a willing buyer, tell the seller that his offer is withdrawn, and confirm whether any holding deposit or other sum is held. If a refundable reservation payment is held, return it to Daniel's account ending 4408 unless a written, lawful basis for a deduction is identified.
## 5. Review, escalation and outcome
Daniel authorises the agent to provide his conveyancer, South Quay Law, with the file limited to documents needed to close the matter. The agent should retain records as required by law and privacy obligations and should not circulate Daniel's financial information to prospective buyers.
## 6. Reservations and practical protections
Daniel will pay any genuinely due, previously agreed search or professional charge supported by an invoice, but he does not accept a new withdrawal penalty. Please confirm the seller's position and close the file by 18 July; this request does not instruct the conveyancer to release confidential advice.
## 7. England and Wales law and completion
This completed fictional letter is dated 11 July 2034 and is governed by England and Wales law. It is not a rescission of exchanged contracts, because none has been exchanged on the stated facts, and Daniel reserves rights if the agent's records show a different binding arrangement.